Latest Government budgets News

Matt Hatchett named to lead Georgia House spending committee

Dec. 07, 2022 11:11 AM EST

ATLANTA (AP) — Georgia State Rep. Matt Hatchett, a Dublin Republican, was named Wednesday to lead the state House Appropriations Committee, a key role in writing the state's $58 billion budget. New committee assignments will be made after the newly elected General Assembly convenes...

Walz touts opportunities from massive $17.6B budget surplus

Dec. 06, 2022 17:18 PM EST

ST. PAUL, Minn. (AP) — Minnesota lawmakers learned Tuesday they will head into the 2023 legislative session with a massive $17.6 billion projected budget surplus, and Gov. Tim Walz said he would like to return some of that money to taxpayers with rebate checks. “The golden...

Mississippi budget blueprint has slight spending increases

Dec. 06, 2022 17:14 PM EST

JACKSON, Miss. (AP) — Top legislators are recommending only a slight increase in Mississippi state government spending for the coming year, even as Republican House Speaker Philip Gunn renews his push to eliminate the state income tax. Mississippi's 2023 budget year ends June 30,...

South Dakota's Noem tries to convince lawmakers on tax cut

Dec. 06, 2022 16:25 PM EST

SIOUX FALLS, S.D. (AP) — South Dakota Gov. Kristi Noem tried Tuesday to win over the Republican-controlled Legislature with details of her plan to enact a historic repeal of the state's tax on groceries. But to deliver on the campaign promise, the Republican governor must convince lawmakers in...

Vermont to begin offering voluntary paid leave program

Dec. 06, 2022 15:22 PM EST

MONTPELIER, Vt. (AP) — The state of Vermont is going to begin offering paid family and medical leave to its 8,000 employees next summer as part of a voluntary program that in following years will be expanded to private businesses and individuals, Gov. Phil Scott said Tuesday. ...

Japan aims to boost 5-year defense spending to $318 billion

Dec. 05, 2022 07:49 AM EST

TOKYO (AP) — Japan's Prime Minister Fumio Kishida on Monday set a new target for military spending over the next five years to 43 trillion yen ($318 billion), or 1.5 times the current level, as the country seeks defense buildup including the use of preemptive strike. Defense...

Pentagon chief: US faces pivotal years in countering China

Dec. 03, 2022 15:07 PM EST

SIMI VALLEY, Calif. (AP) — The U.S. is at a pivotal point with China and will need military strength to ensure that American values, not Beijing's, set global norms in the 21st century, Defense Secretary Lloyd Austin said Saturday. Austin’s speech at the Reagan National Defense...

EXPLAINER: What's the effect of Russian oil price cap, ban?

Dec. 02, 2022 18:12 PM EST

FRANKFURT, Germany (AP) — Western governments have agreed to cap the price of Russia's oil exports in an attempt to limit the fossil fuel earnings that support Moscow's budget, its military and the invasion of Ukraine. The cap is set to take effect Monday, the same day the...

Japan OKs $216B extra budget to counter impact of inflation

Dec. 02, 2022 06:24 AM EST

TOKYO (AP) — Japan’s parliament approved a hefty 29 trillion yen ($216 billion) supplementary budget Friday aimed at countering the blow to household finances from rising food and utility costs and the weaker yen. It is the second batch of supplementary spending this year to...

Orban says Hungary will stick to veto of EU-Ukraine aid plan

Dec. 02, 2022 06:14 AM EST

BUDAPEST, Hungary (AP) — Hungary's prime minister said Friday that he will continue to oppose a European Union plan to provide an 18-billion-euro ($19-billion) aid package to Ukraine in 2023, a position that promises sustained tensions as the bloc and the nationalist Hungarian government wrangle...